Malabar Hill Capital Acquires Development Site From Signorelli Companies In Porter For $5.5M
SOLD
Texas
See Similar DealsDevelopment Site139,392 SF
Sold 10/02/2025
SOLD
Malabar Hill Capital Acquires Development Site From Signorelli Companies In Porter For $5.5M
22410 Eastex Freeway
See Similar DealsDevelopment Site139,392 SF
Sold 10/02/2025
Summary
TEXAS
Asset Type:Development Site
Price Per Square Foot:$22
Total Square Footage:139,392 SF
Transaction Type:Sale
The property asset involved in this transaction is a development site located at 22410 Eastex Freeway in Porter. The total building square footage (BSF) is 28,800, with a land size of 139,392 square feet.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Buyer: Malabar Hill Capital
- Seller: Signorelli Companies
- Brokers: Alex Kelly, Elizabeth Clampitt, Simmi Jaggi & Karina Weathers - JLL
- Date of Transaction: 10/02/2025
The transaction was facilitated by a team of brokers from JLL, including Alex Kelly, Elizabeth Clampitt, Simmi Jaggi, and Karina Weathers, who represented the parties involved in this deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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